The share of Insurance and Financial Services in Chile's service exports experienced notable fluctuations from 2013 to 2023, peaking at 10.99% in 2021 and settling at 9.11% in 2023. This indicates robust year-on-year growth between 2020 and 2021. Recent years (2022 and 2023) show slight declines and rebounds. The 5-year CAGR stands at 0.83%, indicating moderate average annual growth for the period ending 2023. Future trends suggest a steady increase, reaching 9.6% by 2028.
Future trends to watch for:
- Continued integration of digital financial services.
- Regulatory changes impacting the insurance sector.
- Regional economic stability influencing service exports.
